The global Cheese Packaging Market is projected to grow at the rate of 5.6% between 2022 and 2029. Along these lines, the market is likely to be worth US$ 5.3 Mn by the year 2029.
Cheese is a customer favorite and one of the most sought-after components in the food industry, particularly from the fast food industry and from producers of food products for consumption on the go. It is crucial to use cheese packaging solutions since they safeguard the cheese throughout storage and transit.
Additionally, using cheese packaging prevents moisture and oxygen from entering. The shelf-life of cheese can be significantly extended with the application of cutting-edge packaging technology. These elements have led to an increase in demand for aseptic and modified atmospheric cheese packaging.
Majorly driven by the fast food sector and on-the-go food products manufacturers, demand for processed cheese continues to be on an upward trend. This would remain a prominent booster to the growth of cheese packaging market in the following years.
Protective packaging solutions designed for cheese and cheese products play a critical role in preventing moisture loss and oxygen transmission from packaged products. This attribute continues to establish a strong ground for the expansion of the cheese packaging market, suggests a new Future Market Insights (FMI) study.
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Key Takeaways of Cheese Packaging Market Study
- Pouches continue to hold a maximum market share; demand for small-sized pouches would be prominent for cheese slices and liquid cheese products.
- Plastics would discover a substantial incremental revenue opportunity by the end of 2029, owing to the superior barrier and space-efficient attributes.
- A majority of demand for cheese packaging is concentrated at modern trade channels such as hypermarkets and supermarkets.
- European countries continue to hold a lion’s share in global cheese packaging market.
- China, India, and Japan are emerging highly lucrative, on the back of progressing market outlook of ready-to-eat products.
Cheese packaging market players should best leverage the remunerative growth potential of eco-friendly material options. Capacity expansion and development of cost-effective cheese packaging technologies would help them discover significant profits across the value chain.
Cheese Packaging Market Landscape
The global cheese packaging market is highly competitive, where local and unorganized players are leveraging significant growth opportunities. Some of the key players in cheese packaging market include Amcor Plc, Winpak, Constantia Flexibles Group GmbH, Berry Global Inc., RPC Group Plc, Mondi Group, Sonoco Product Company, SCHUR Flexibles, Sealed Air Company, SKOPOS SA, and others. Companies are focusing on product innovation and acquisitions with an aim to increase their global presence and customer base in the global cheese packaging market.
- In February 2019, Amcor Limited introduced Genesis, an all polyethylene laminate with the look and feel of traditionally oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company also acquired Bemis Company Inc., which is one of the leading players in the cheese packaging market.
- In 2019, RPC Group acquired PLASgraam, a leading recycling specialist in the U.K.
- In 2018, Berry Global Inc., acquired Laddawn, Inc. with an investment of US$ 242 Mn and Clopay Plastic Products Company, Inc. with an investment of US$ 475 Mn. In 2017, Berry Global Inc. acquired Adchem Corp and AEP Industries Inc. with an investment of US$ 791 Mn. The acquired company manufactures flexible packaging products from polyethylene and PVC.
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Key Segments Covered in Cheese Packaging Industry Research
By Packaging Format:
- Boxes
- Cups
- Pouches
- Trays and Flow Wraps
- Containers
- Lids and Foil
- Others
By Material:
- Plastic
- Paper
- Aluminium
- Glass
By Distribution Channel:
- e-Commerce
- Retail Stores
- Convenient Stores
- Hypermarkets /Supermarkets
- Others
What Does the Report Cover?
Future Market Insights, in this new report, offers an unbiased analysis of the global cheese packaging market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections on the cheese packaging market based on packaging format (boxes, cups, pouches, lids & foils, trays & flow wraps, containers, and others), material (plastic {EVOH, PET, polypropylene, polyethylene, polyamide, and others}), distribution channel (e-Commerce, retail stores, convenient stores, hypermarkets /supermarkets, and others) across seven key regions.
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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